section 77
Liability of banker for negligently dealing with bill presented for payment.
The Negotiable Instruments Act, 1881Civil1881155 sections17 chapters
OF PRESENTMENT
Statutory text
When a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured, if the banker so negligently or improperly keeps, deals with or delivers back such bill as to cause loss to the holder, he must compensate the holder for such loss.
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